💰 Staking Rewards

How does Birdeye Plus reward Stakers?

Staking rewards are earned when you delegate your SOL tokens to Birdeye Plus Validator. These rewards are generated through the Solana network's proof-of-stake mechanism, which incentivizes validators and delegators to contribute to the network's security and decentralization.

Reward Distribution

When Will You Start Earning Rewards?

Once your stake is activated (after the activation period is completed, which is expected at the new epoch boundary), you’ll start earning rewards.

Rewards are distributed automatically at the end of each epoch (~2 days).

How Are Rewards Calculated?

Rewards are proportional to your stake relative to the total stake delegated to the validator. After the validator’s commission fee is deducted, the remaining rewards are distributed to delegators.

Commission Fee

Currently, Birdeye Plus does not charge delegators any commission fee

  • Current Commission Rate: 0%
  • Currently Platform Fee (0%).

Example of Calculating Staking Rewards

Staking yield is shown as an annual rate but can vary each epoch due to changes in the inflation rate and total active stake. The validators typically have their staking yield reflected in their APY stat.

On the Birdeye Plus interface, you can see the estimated return of your stake in SOL and USD, which is calculated following formulas:

The total annual rewards

ℹ️

Annual Rewards = Total Stake on Validator × APY

Rewards for a single epoch:

ℹ️

Epoch Rewards = Number of Epochs in a Year / Annual Rewards

Your share of rewards:

ℹ️

Your Share of Rewards = Epoch Rewards × (Your Staked Amount / Total Stake on Validator)

Your net rewards:

ℹ️

Net Rewards = Your Share of Rewards − (Your Share of Rewards × Validator Commission Rate)

Your net rewards for a full year:

ℹ️

Annual Net Rewards = Net Rewards Per Epoch × Number of Epochs in a Year

To help you understand how staking rewards are calculated, let’s go through an example:

Assumptions:

  • Your Staked Amount: 100 SOL.
  • Total Stake on Birdeye Plus: 10,000 SOL (includes your stake and others).
  • Commission: 0%.
  • APY: 6%
  • Epoch Duration: ~2 days.
  • Number of Epochs in a Year: ~182.5 (365 á 2).

Calculate Total Annual Rewards for the Validator

  • Annual Rewards = Total Stake on Validator × APY = 10,000 SOL × 0.06 = 600 SOL

Calculate Validator Rewards Per Epoch

  • Epoch Rewards = Number of Epochs in a Year / Annual Rewards = 600 SOL / 182.5 = ~3.29 SOL

Calculate Your Share of Rewards

  • Your Share of Rewards = Epoch Rewards × (Your Staked Amount / Total Stake on Validator) = 3.29 SOL x (100 / 10,000) = 0.0329 SOL

Your net rewards

  • Net Rewards = Your Share of Rewards − (Your Share of Rewards × Validator Commission Rate) = 0.0329 SOL − (0.0329 × 0%) = 0.0329 SOL

Your net rewards for a full year

  • Annual Net Rewards = Net Rewards Per Epoch × Number of Epochs in a Year = 0.0329 SOL × 182.5 = 6.00425 SOL

Summary:

  • Your Staked Amount: 100 SOL.
  • Net Rewards Per Epoch: ~0.0329 SOL.
  • Annual Net Rewards: ~6.00425 SOL.